Can I retire at age 67 with 4,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$346,832$343,743$340,729$337,787$334,914$333,222
2 years$171,699$168,501$165,402$162,397$159,483$157,776
3 years$113,329$110,117$107,026$104,050$101,182$99,513
4 years$84,150$80,948$77,888$74,962$72,164$70,544
5 years$66,647$63,464$60,444$57,578$54,858$53,293
6 years$54,982$51,823$48,848$46,046$43,407$41,899
7 years$46,653$43,521$40,593$37,857$35,302$33,852
8 years$40,409$37,306$34,426$31,757$29,286$27,894
9 years$35,556$32,481$29,651$27,050$24,663$23,328
10 years$31,675$28,631$25,850$23,317$21,014$19,736
11 years$28,502$25,488$22,758$20,293$18,073$16,851
12 years$25,860$22,877$20,197$17,800$15,662$14,494
13 years$23,626$20,674$18,045$15,714$13,657$12,544
14 years$21,712$18,792$16,214$13,950$11,972$10,911
15 years$20,056$17,167$14,639$12,441$10,541$9,531
16 years$18,608$15,750$13,272$11,139$9,316$8,357
17 years$17,331$14,505$12,077$10,008$8,260$7,349
18 years$16,198$13,404$11,025$9,020$7,345$6,480
19 years$15,185$12,422$10,093$8,150$6,547$5,728
20 years$14,274$11,543$9,263$7,381$5,847$5,072
21 years$13,452$10,752$8,520$6,699$5,233$4,500
22 years$12,705$10,037$7,852$6,091$4,690$3,998
23 years$12,024$9,387$7,250$5,547$4,210$3,557
24 years$11,401$8,795$6,705$5,059$3,784$3,168
25 years$10,828$8,254$6,210$4,621$3,405$2,825
26 years$10,301$7,757$5,760$4,225$3,067$2,521
27 years$9,813$7,301$5,348$3,867$2,766$2,252
28 years$9,361$6,879$4,972$3,543$2,495$2,013
29 years$8,941$6,490$4,627$3,249$2,253$1,800
30 years$8,549$6,129$4,310$2,982$2,036$1,611
31 years$8,184$5,794$4,018$2,739$1,841$1,443
32 years$7,842$5,482$3,749$2,517$1,665$1,292
33 years$7,522$5,192$3,500$2,314$1,507$1,158
34 years$7,221$4,921$3,270$2,129$1,364$1,038
35 years$6,937$4,667$3,058$1,960$1,236$931
36 years$6,671$4,430$2,860$1,805$1,120$835
37 years$6,419$4,207$2,677$1,663$1,015$749
38 years$6,181$3,998$2,507$1,533$920$673
39 years$5,956$3,802$2,349$1,414$834$604
40 years$5,742$3,617$2,202$1,304$757$542
41 years$5,540$3,443$2,064$1,203$687$487
42 years$5,347$3,279$1,937$1,110$623$437
43 years$5,164$3,125$1,817$1,025$565$393
44 years$4,990$2,978$1,706$946$513$353
45 years$4,824$2,840$1,602$874$466$317
46 years$4,666$2,709$1,504$807$423$285
47 years$4,515$2,586$1,413$746$384$256
48 years$4,371$2,468$1,328$689$349$230
49 years$4,233$2,357$1,248$637$317$207
50 years$4,101$2,252$1,174$589$288$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,200,000, adding $6,132 every year, while hoping to spend $60,000 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/19/23 Blend
66$4,200,000$4,200,000$4,200,000$4,200,000
67$4,634,725$4,412,125$4,347,025$4,874,539
68$5,043,628$4,564,480$4,428,811$5,191,045
69$5,492,227$4,722,289$4,511,326$5,528,992
70$5,984,510$4,885,756$4,594,530$5,896,156
71$6,524,865$5,055,094$4,678,383$6,295,376
72$7,118,130$5,230,522$4,762,837$6,729,775
73$7,769,631$5,412,270$4,847,844$7,202,792
74$8,485,237$5,600,575$4,933,351$7,718,214
75$9,271,413$5,795,684$5,019,299$8,280,209
76$10,135,280$5,997,856$5,105,629$8,893,364
77$11,084,685$6,207,356$5,192,273$9,562,733
78$12,128,270$6,424,464$5,279,162$10,293,879
79$13,275,558$6,649,468$5,366,219$11,092,929
80$14,537,042$6,882,669$5,453,364$11,966,628
81$15,924,279$7,124,379$5,540,511$12,922,407
82$17,450,005$7,374,923$5,627,567$13,968,449
83$19,128,251$7,634,639$5,714,436$15,113,766
84$20,974,475$7,903,879$5,801,012$16,368,285
85$23,005,712$8,183,009$5,887,186$17,742,939
86$25,240,728$8,472,410$5,972,840$19,249,772
87$27,700,200$8,772,476$6,057,849$20,902,050
88$30,406,914$9,083,621$6,142,080$22,714,386
89$33,385,974$9,406,273$6,225,394$24,702,878
90$36,665,040$9,740,878$6,307,642$26,885,261
91$40,274,593$10,087,899$6,388,667$29,281,070
92$44,248,217$10,447,821$6,468,302$31,911,830
93$48,622,916$10,821,146$6,546,372$34,801,250
94$53,439,469$11,208,398$6,622,691$37,975,455
95$58,742,806$11,610,120$6,697,062$41,463,225
96$64,582,438$12,026,882$6,769,279$45,296,269
97$71,012,919$12,459,272$6,839,123$49,509,523
98$78,094,367$12,907,906$6,906,363$54,141,478
99$85,893,024$13,373,424$6,970,757$59,234,545
100$94,481,883$13,856,494$7,032,049$64,835,451